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The International Actuarial Association (IAA) is pleased to announce that, at its meeting on October 17, 2015 in Vancouver, the Council of the IAA elected the following individuals to serve as Officers of the IAA effective January 1, 2016.
Gareth Connolly, Chair of the IFoA Pensions Board, comments on the Government’s announcement this week (15 December) to allow people to sell on their annuity from 6 April 2017.
The Institute and Faculty of Actuaries (IFoA) announced today (14 December) that Michael Tagg is the first person to be awarded the Certified Actuarial Analyst (CAA) qualification. The CAA was launched in 2014 and is the first globally recognised membership qualification at the technical level for those working in wider roles within financial services such as IT and data analytics anywhere in the world.
Today (10 December) the Institute and Faculty of Actuaries (IFoA) released its second report on the Government's proposed changes to the funding of long term care. The report, 'How financial products can work alongside the Care Act 2014 to help people pay for care', found that current and proposed means test rules act as a barrier to saving for long term care needs.
The Institute and Faculty of Actuaries’ (IFoA) sixth annual report looking at third party injury (TPI) and third party damage (TPD) motor insurance claims shows the cost per policy of the most severe claims (those with costs above £131,000) has increased on average by 11% per year - due almost entirely to an increase in the average cost of claims rather than a rise in the number of claims.
43% of road accidents in the North West result in a personal injury claim versus national average of 30%.
Risk management should be a central aspect of climate policy to avoid extreme global temperature rises and reduce uncertainty.
Fiona Morrison, President of the Institute and Faculty of Actuaries (IFoA), comments on the measures announced in today’s Autumn Statement by the Chancellor of the Exchequer.
Over 240 pupils from 59 schools attended the Enterprising Mathematics National Finals at The Science Centre in Glasgow on Tuesday 17 November. Organised by the Scottish Mathematical Council, the event has been running since 1976 and is sponsored by the Institute and Faculty of Actuaries (IFoA).
The Institute and Faculty of Actuaries’ (IFoA) Longevity Bulletin on Mortality, released today (18 November), highlights the significant impact longevity modelling has for the world’s financial systems and UK plc